A $1.43K SHORT liquidation just triggered at $0.14393, forcing bearish positions to close and reducing short-term selling pressure. This type of liquidation often acts as a momentum spark when price holds above the trigger level.
With shorts flushed, $ALLO is now trading at a key reaction zone. If buyers maintain control and volume confirms strength, $ALLO could extend higher from here. Failure to hold may lead to brief consolidation before continuation.
Trade Setup
EP: 0.141 – 0.146
TP1: 0.155
TP2: 0.168
TP3: 0.190
SL: 0.136
Short liquidations can flip momentum quickly — let price action confirm direction.
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